Sun Microsystems has announced a 15 per cent price increase across all its products in Australia, effective from today.
Australia's central bank has criticised the nation's four largest commercial banks for shirking on investments in payment systems technology, resulting in a lack of innovation and neglect of systems like EFTPOS.
The Reserve Bank of Australia today said it would shortly hold meetings with eBay subsidiary PayPal over the online auction giant's attempt to force sellers to offer PayPal as a payment option.
The Reserve Bank of Australia (RBA) today said it had not initiated a formal review into auction giant eBay's move to force sellers to offer PayPal as a payment method, despite complaints from a group which claims to be composed of disgruntled sellers.
eBay yesterday withdrew its mandate that customers exclusively use PayPal. The auction site's decision came just weeks before consumer watchdog the ACCC was due to pass judgement on its decision.
For the Reserve Bank of Australia, every minute of downtime could potentially cost more than AU$40 million. But even with a business case on that scale, it still took three tries before it got an effective systems management strategy in place.
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